20 jobs created as Industrial equipment provider celebrates new Burton on Trent manufacturing facility

Northbridge Industrial Services plc, the power reliability company, has announced the completion and handover of its new loadbank production facility in Burton on Trent, which will increase annualised production capacity by 60%.

The new1,200m2 manufacturing site will complement existing facilities which support equipment sales and rentals across the Group’s major international hubs in the UK, Continental Europe, the USA, the Middle East and APAC.

The company say: “It will enable Northbridge to meet the current strong levels of customer demand, as well as future proofing operational capacity as the Company builds on its c.10% global market share of the expanding power reliability market.

The factory expansion was completed on budget and on time. It has created around 20 new jobs for the local economy and, with all additional employees already recruited and trained, the facility will start production in June 2022 as planned.”

Following a transformational 18 months for the Group, the development of this state-of-the-art loadbank production facility reflects the future direction of the Group’s core business, Crestchic, which focuses on power reliability to benefit from the global mega trends in data and energy transition.   As previously announced, the Group will change its name to Crestchic Plc, conditional on shareholder approval at the Group’s AGM on 9 June 2022.

A formal opening ceremony will take place on Wednesday 6 July and the Company would like to invite institutional investors and sell side analysts to attend the event. It will be hosted by senior members of the Executive and management teams, and the ceremony will be followed by a brief Group strategy presentation and smaller group tours of the new and existing facilities.

Leicester finance firm completes £3.5m deal

Leicester based 2XL Commercial Finance has announced a £3.5m refinance and capital raise for a large scale student property company in Leicester. The deal has enabled them to refinance away from their existing bank and raise significant capital to invest in future projects and further investment in the booming student market in Leicester MD Sean Lander of Lander Ventures commented:“I was introduced to 2XL via a friend who had recommended them. From start to finish I worked closely with Darren selecting the best product, negotiating terms and most importantly getting the deal across the line in about 9 weeks. This has been a very positive experience and I fully recommend his services. Darren is fully committed to each client and is exactly what you need to drive your business forward.  A first class service” MD Darren Willoughby commented:“It was a pleasure to work with such professional clients on such a large scale refinance who provide top quality accommodation in Leicester , especially against the backdrop of rising interest rates – The deal allows the clients to grow the portfolio significantly whilst also providing long term stability against possible further rate increases in the market.” He went on to say: “This is one of many seven figure deals the team have done at 2XL Commercial Finance this year and is testament to the team’s ability to place larger debt quantum’s.” Senior Lending Manager Emma Goodyear at Aldermore commented: “It was a pleasure for us to support this transaction for Darren at 2XL and his clients, a great opportunity for the bank which was executed well by all parties to ensure a very quick completion time to ensure protection against rising interest rates.  We look forward to working with you again in the future.”

East Midlands firms win place on £1.56bn civils and infrastructure framework

Two East Midlands-based contractors have been appointed to a new £1.56bn civils and infrastructure framework. The news came as national procurement firm Pagabo announced the appointment of 48 suppliers to their brand-new £1.56bn civils and infrastructure framework, which goes live on 1 June 2022. The awards include Winvic Construction and Whitehouse Construction, Buckingham Group, John Sisk and Son and Galliford Try Construction. The new framework will run for four years until May 2026 and will allow local authorities and public sector bodies to procure a range of projects such as rail, nuclear, bridges, roads, maritime, telecommunications, water, and alternative power projects. The company has appointed 48 core and reserve suppliers across the four framework lots, which cover value bands of up to £30m and above. This provides ample supplier choice for clients, with the geographical breakdown also providing equal opportunities SMEs alongside large organisations. Jason Stapley, managing director at Pagabo, said: “We’re really pleased to see our new civils and infrastructure framework go live with a range of excellent suppliers, especially after such great interest and demand from the market. The framework, which is the first that Queen Elizabeth Facilities Ltd will be acting as the contracting authority for, will provide clients with that all-important confidence in the suppliers they choose for their projects. “Providing the vehicle for compliant procurement of built environment works means that we have a big responsibility when it comes to helping meet the ambitious net zero targets set out by government. We are committed to working with public sector bodies to achieve this through consideration of emerging technologies and project controls, while connecting clients with the right suppliers. “Whether it is tackling the impacts of the climate emergency through flood alleviation projects or working towards net zero targets through using alternative fuels or development greener travel infrastructure, this framework offering will make sure that the projects procured through it over the coming years are working towards tackling the climate crisis.” The civils and infrastructure framework connects clients with the right contractors for all construction projects from £500,000 upwards, providing with compliant access to suppliers with the expertise to deliver any scheme. In order to be considered for the framework, providers were required to go through a rigorous, PCR2015 compliant tender process, and prove financial suitability and related experience. As well as this, providers on Pagabo’s frameworks are required to share the company’s passion for social value and innovation. The 48 companies that have been awarded a place on the new framework (in alphabetical order) are:
  • ACS Civils Ltd
  • Alun Griffiths (Contractors) Ltd
  • Amalgamated Construction Ltd (trading as AmcoGiffen)
  • Associated Asphalt Constructing Ltd
  • Bethell Construction Limited
  • Britannia Construction Limited
  • Buckingham Group Contracting Ltd
  • Clancy Docwra Limited
  • Colas Ltd
  • CR Reynolds Ltd
  • Danaher & Walsh (Civil Engineering) Ltd
  • DAWSON-WAM
  • Eric Wright Civil Engineering Ltd
  • Esh Construction Limited
  • Fox Building and Engineering Ltd
  • FP McCann Ltd
  • Galliford Try Construction Ltd
  • Howard Civil Engineering Ltd
  • J Hopkins (Contractors) Ltd
  • Jackson Civil Engineering Group Limited
  • JN Bentley Ltd
  • John Graham Construction Ltd
  • John Sisk and Son (Holdings) Limited
  • Jones Bros Ruthin (Holdings) Ltd
  • Keltbray Built Environment Ltd
  • Kier Infrastructure & Overseas Ltd
  • Lagan Aviation & Infrastructure Limited
  • Lowry Building & Civil Engineering Ltd
  • McLaughlin & Harvey Ltd
  • McPhillips (Wellington) Limited
  • Meldrum Construction Services Group Ltd
  • Mildren Construction Limited
  • Milestone Infrastructure Ltd
  • Montel Civil Engineering Limited
  • Morgan Sindall Construction and Infrastructure Ltd
  • O’Brien Contractors Ltd
  • Osborne Infrastructure Ltd
  • P. O’Connor Group Limited
  • PBS Construction Ltd
  • RJ McLeod (Contractors) Ltd
  • Sir Robert McAlpine Ltd
  • Spencer Group
  • The Casey Group Ltd
  • VINCI Construction UK Limited
  • VolkerFitzpatrick Ltd
  • Whitehouse Construction Co. Ltd
  • Whitemountain Quarries Limited
  • Winvic Construction

New fitness facility set to move into Chesterfield’s newly-opened Glass Yard development

A brand-new fitness studio is set to open at Chesterfield’s newly-opened Glass Yard development, just off Sheffield Road. Studio One is being opened by SRW Fitness owner Seb Walker, who started the business in 2007 and has been personal training in Chesterfield for more than 15 years. In that time SRWFitness has been based in 3 local gyms, a local park and clients homes. Having previously being forced to go into online personal training as a result of the Covid-19 lockdowns, Seb admitted he was delighted to be welcoming customers to the new centre. He said: “The Glass Yard is a fantastic location for the studio, just out of the town centre and easy to get to. There is 2 hours free parking so my clients can arrive knowing they can park and walk straight into their session not worrying about any additional parking costs or trying to find a space. The main positive for me is being part of something new and exciting, having a brand-new space surrounded by other likeminded businesses that complement each other is just perfect. “It’s a brilliant place to launch my first studio and everyone I meet is impressed with the whole development.  I think it’s different to anything else around here and it really adds something to Chesterfield and surrounding areas.” Studio One is described as ‘not your regular fitness facility;’ visitors will not find banks of treadmills or fixed resistance machines. The studio has been specifically designed with movement in mind, where all over body exercises are facilitated by a multifunctional rig, bands, bars, weights and balls just to name a few. There is a large AstroTurf space for group sessions and classes and a collection of top of the range cardio equipment with treadmill, concept 2 rower and skierg, as well as Technogym spinning bikes for indoor cycling classes. This space enables a plethora of exercise to be delivered and any exercise you would perform on traditional gym equipment can be replicated with ease, and some. There are other pieces of equipment, such as the fantastic interactive blazepods that help with balance, reaction speed and all other manner of things. The studio has been meticulously designed to maximise the useable space and deliver a unique fun experience for clients. With clients’ age ranging from 16 to 90 years old it caters for all and has classes and programs to suit most needs. Seb continued: “The aim of developing the studio is to create a facility where people can feel comfortable and at ease to exercise in a supportive, safe, clean, and friendly environment. With all my experiences over the past 25+ years in the fitness industry and previously basing the business in commercial gyms I have taken all the great aspects I’ve seen and wrapped them into a state-of-the-art fitness studio. “The community and support network that I want to create for my clients is built on my passion to help people achieve what they might think is impossible. That’s not just a body transformation but things like moving pain free, reducing or coming off medication. Increasing self-esteem, improving mental health and so much more. “The vision for Studio One is to be the go-to fitness studio in Chesterfield for health, weight loss, and lifestyle transformations. To provide the support, guidance, and knowhow to enable all my clients to achieve their goals but more importantly maintain them effortlessly for life. This is not just another gym this is something completely different.   “The philosophy to Studio One is Mind – Body – Move. A three-pronged process that focuses on three key areas to success. The ‘Mind’, addressing the habits and choices that are hampering your progression. Secondly, ‘Body’, what you are putting in your body and how to adjust your diet that doesn’t feel like you’re depriving yourself of happiness! Then finally ‘Move’, this is the exercise that will feel more like you’re having fun and less like you’ve just enlisted in the army. If you enjoy it, you will stick to it effortlessly!” The exercise offerings available at the studio include:
  • SRW45 classes; These are 45 minute sessions similar to traditional bootcamp with up to 16 people,
  • SRW1-6; Group personal training I hour sessions with a maximum of 6 people tailor fitted to your needs and also offer a one-to-one personal training option too.
The studio is also working with local businesses, running bespoke classes and team building sessions for them. These are arranged at times to suit so staff can finish work and attend the session or go before work too. Studio One is also linking up with other local health and fitness businesses and offering a space to deliver specialised exercise classes from some of the best instructors in the area. Seb explained why he was so passionate about promoting health and fitness in the local community: “For me this isn’t work, it’s something I love doing. You know that when you are heading home from your summer holiday and you’re excited to get back to ‘work’ that you have found something that is more than just an income. “I love working with clients, understanding their needs, and helping them achieve what they desire but also have some fun along the way. Exercise doesn’t need to be scary, and a good session isn’t measured on how much pain you are in the next day. There is no set standard, no one size fits all training method, the training starts with what you can do and then ends up morphing into being able to do what you never imagined possible. “You just need to find something you enjoy, something that doesn’t feel like you’re ‘exercising’. This however doesn’t have to involve a gym or a personal trainer and can be anything that gets your heart pumping and a bit breathless. However, before embarking on a new fitness regime asking a health and fitness professional for guidance is a no brainer to ensure you’re safe to start. The benefits of being active are undeniably positive both physically and mentally you just need to get the right guidance, find something that works for you and be consistent!” “Creating my own studio is something I’ve strived for over a number of years but with all the challenges over the past 2 years it’s created a perfect storm of opportunity. The opportunity to be part of something like the Glass Yard was too much of a draw to miss out on and I can’t wait to push on and see how far I can grow the business in the future.

Heart of Chesterfield included in Midlands Engine Investment Portfolio

The Midlands Engine partnership has launched the Midlands Investment Portfolio – a ‘digital front door’ opening up investment opportunities across the region, with the heart of Chesterfield included in the range of investment opportunities available across the region. Taken together, it is estimated these opportunities could support or create a staggering 220,000 jobs and deliver more than £33bn in Gross Development Value. Within the digital portfolio, the ‘Heart of Chesterfield’ entry states: “Through a range of significant regeneration and redevelopment underway across the town, Chesterfield is building on its industrial roots and market town heritage to become a contemporary destination with a prosperous future. “Developments underway have already delivered new business units, office accommodation, innovation centres, modern housing, retail centres and new schools – and the town offers attractive investment opportunities in a range of schemes. “Over the coming years, the town centre will be transformed through developments including Chesterfield Waterside, Northern Gateway, Elder Way, public realm improvements and the delivery of the Chesterfield Station Masterplan. “There are a range of opportunities available for investment including capital investment, residential, end-user occupiers and leisure and hotel operators. “Chesterfield is a sub regional service centre for North Derbyshire, it has a great Town Centre that is steeped in history with a historic market but that is balanced by new investments and opportunities including the Levelling Up Fund.” The Midlands Investment Portfolio showcases exceptional investment opportunities across Midlands core sector strengths. The Portfolio has been developed in collaboration with Midlands Engine partners, including the region’s local authorities, local enterprise partnerships, and leading promotion and investment agencies – to present the most complete picture currently available of Midlands priority investment propositions. Working with Midlands champions in geographies across the world, the Portfolio now becomes a vital asset for their continued advocacy and support for the economic growth and future prosperity of the region. The Portfolio forms the keystone of Midlands Engine’s involvement at the UK Real Estate Infrastructure Investment Forum (UKREiiF). Throughout the Forum, the Midlands Engine partnership will showcase the region’s strengths in support of the urgent need to level up and drive economic growth and prosperity. Sir John Peace, Chairman of the Midlands Engine, said: “The Midlands offering to the world has always been prodigious – from our heritage as the birthplace of the Industrial Revolution, to the cutting-edge technologies that are being developed right now in sectors as diverse as health and life sciences, digital and clean energy. The Midlands Investment Portfolio showcases the exceptional breadth of our region’s investment potential in one place – a comprehensive resource to pinpoint the primary investment opportunities our wonderful region has to offer. As Midlands Engine partners continue our work, together, to accelerate growth and prosperity in our region, the Portfolio will be a vital tool in our collaborative efforts to drive inward investment.” Minister for Investment, Lord Grimstone said: “The Midlands Investment Portfolio provides a world-leading resource to maximise investment into the region which will support jobs, boost the local economy and level up the UK. This government is committed to supporting the Midlands Engine through trade and investment, thanks to my department’s support and ambition in signing Free-Trade Agreements that will benefit every region of the UK.” Minister for Levelling Up, Neil O’Brien MP said: “The Midlands is home to a hotbed of talent across a range of important sectors. With this investment portfolio, the Midlands Engine have done a great job of showcasing the very best investment opportunities across the region. “The Government is working to ensure the Midlands Engine continues to fire on all cylinders as we deliver our mission of levelling up every corner of the country.”

Plans for Derby Business School get green light

Plans put forward by the University of Derby to build a Business School in the city centre have been approved. Earlier this year the University submitted a planning application to build Derby Business School on land adjacent to the University’s One Friar Gate Square building, and last night (Thursday 26 May) Derby City Council’s planning committee unanimously gave it the go ahead. Construction for the new development, which is proposed to be net zero carbon in construction and operation, is due to start in November 2022, with the building earmarked to open in September 2024. Professor Kathryn Mitchell CBE DL, Vice-Chancellor and Chief Executive of the University of Derby, said:“We are delighted that the planning application for our city centre-based Derby Business School has been approved. “This is a key milestone for the project, and we are extremely pleased to have reached this stage. The building will be crucial in the city’s regeneration plans and will offer students a high-quality, innovative learning and teaching environment. Working closely with our partners, we are looking forward to the next phase of this ambitious and significant development.” The new building is projected to be the study base for more than 6,000 students by 2030 and is the first element of the University’s City Masterplan, which is the vision for how the University intends to develop its city centre presence and improve connectivity between its sites. The new Business School building will feature innovative teaching and learning spaces including a virtual reality suite, stock market trading room and creative labs. Alongside this, the building will be a technology-enabled smart campus and be used as a living lab for research projects from across the University and industry. Manjit Paget, Programme Manager for Derby Business School, added: “We expect this development to be a welcoming and interactive space – a building where students will learn, but also where businesses can come in for advice, work with our student community, researchers and business support units. The idea is that it will host specialist spaces for collaboration and idea generation, and will enable us to further enhance our research with partners across the D2N2 corridor.”

Oxenwood secures £65 Million development loan from Blackstone

Oxenwood Real Estate, the UK and European real estate investment management firm, has secured a £63 million debt facility from Blackstone Real Estate Debt Strategies to fund two UK logistics developments. The three-year development loan has been secured on behalf of Oxenwood Logistics Fund 1 SLP, a discretionary fund managed by Oxenwood. The largest of the two developments is the 426,000 sq ft Power Park in Nottingham, which Oxenwood has agreed to forward fund for £53.8 million. Power Park is located on part of the former Imperial Tobacco plant and involves the development of six logistics units ranging from 30,000 sq ft to 145,000 sq ft. The development, which is being delivered by HBD, is expected to complete in early 2023. The second development is a last-mile logistics facility on a 2.2-acre site on the A13 in Barking, east London. Oxenwood has entered into a development management agreement with Graftongate to obtain planning consent and construct a 60,000 sq ft unit, which is expected to be completed in the second quarter of 2023. Tom Boardman, chief financial officer of Oxenwood, said: “This development finance will enable our fund to deliver high-quality logistics space in the supply-constrained London and Midlands markets. “We are delighted to be working with Blackstone and we hope this will be the first of many opportunities as we continue to build out our development pipeline”. Oxenwood was advised by Knight Frank Capital Advisory, Jones Day and AKD.

Leading agent celebrates filling empty shops in Derby retail scene

It has been a promising couple of months for the Derby retail scene.  Despite the current challenges surrounding inflation, interest rates and tax rises, there is certainly a sense of restored confidence within retailers in comparison to the previous couple of “pandemic years”.   We are witnessing a good level of enquiries from a range of different occupiers which are pleasingly turning into lettings, some of which I am excited to now be able to reveal… Looking firstly at Derby’s high street, following ALB Group’s acquisition of the block on Albion Street just a couple of months ago, FHP announce that they have already completed on three new lettings.  The former card shop unit has been let to “Hatchet Harrys Axe Throwing”, the old Goldsmiths unit has gone to an independent speciality coffee shop “Barista Lab” and the former EE store has been let to “Pace”, a lifestyle fitness boutique that will offer a wide range of gifts, wellbeing products, exercise classes and personal training. FHP has also have exchanged contracts on the former Dorothy Perkins/Burtons unit on Victoria Street with “Boo” – a fast food burger restaurant chain who have a number of locations across the Midlands. Within the Cathedral Quarter, Derby Brewing Company are taking the former Las Iguanas premises on Friar Gate and are opening their new concept in “The Clubhouse” which will be a unique addition to Derby’s hospitality scene.  The company has also agreed an offer on the old Burger King unit on East Street to an exciting leisure occupier. This is in addition to several new brands into the Derbion Shopping Centre in recent months, with Tommy Hilfiger, Mango, Flannels and Lids having taken place and the likes of Frasers and Jack Wills set to open their doors very soon. No doubt there will be concerns in 2022 for retailers, however FHP are highly optimistic about the rest of the year and excited as to what it will bring to Derby.

Further expansion of the FHP agency team

FHP Property Consultants are delighted to announce further expansion of their Retail & Leisure agency team, with the appointment of Ellis Cullen.  Ellis brings with her 3 years of property experience in the East Midlands having previously worked for NG Chartered Surveyors. Ellis joins us at an exciting time for the business where we are seeing growth in all sectors and will add to our aims of trying to provide the best possible service to clients new and old alike.  FHP were ranked the 4th most active retail agent nationally in 2021 by EG Radius, transacting on 430,000 sq ft of accommodation. Director Alan Pearson commented: “I am delighted that we have found the need to be on the recruitment trail again.  We are continuing to experience good levels of enquires for retail and leisure properties throughout the Midlands and the ongoing transactional volumes has resulted in the need to expand our team to service our valued client, both new and existing There is no doubt the High Street is evolving, and we continually strive to be at the forefront of this.  In Ellis we have a terrific colleague who can help our business grow as well as developing and growing her own career, as we continue to invest into the next generation of talent in the region.” Ellis commented: “I am thrilled to join FHP’s busy retail and leisure team.  FHP is the ideal firm for young surveyors looking to thrive and establish their own property network.  I have been empowered by my colleagues to think creatively and go out and make a mark in the sector.  These values are particularly important to me and my ambition to progress in my career as a surveyor. I am thoroughly looking forward to working with our current clients and finding new opportunities in the market.”

New city centre ambitions for Derby

Derby City Council are taking the first steps in launching a new ambition document and city conversation to address the issues that are facing UK cities.
As part of the city’s recovery from the COVID-19 pandemic, and to meet the challenges of the 21st century, Derby City Council has created a new ambition document which outlines ideas for a bold, transformational vision for Derby city centre, now is the time to have your say!
Derby’s city centre conversation begins on Wednesday 8 June on the Let’s Talk Derby website and will be a chance for residents and businesses to review emerging ideas and share your feedback.
The conversation is a way for citizens to engage with the new ambition document, that was approved at a Special Cabinet meeting in May.
The vision will focus on longer-term ideas and interventions that will transform the city centre and secure its future as a vibrant place that people can feel proud of and want to visit. It will recognise the challenges facing all city centres, not just Derby, and provide an over-arching ‘direction-of-travel’ that will inform future plans and actions.
The document is broken down into 12 themes that focus on the main issues facing our city centre and the key areas we want to improve or reimagine.
• Climate change • Culture • Public realm • Green and blue infrastructure • City living • Accessibility and connectivity • Heritage • Design quality • Learning • Business and creativity • Shopping and leisure • Delivery and coordination
Cllr Chris Poulter, Leader of Derby City Council said: “We’re excited to start this open conversation with our residents, businesses and stakeholders. This is a fantastic opportunity to talk about what we want Derby to be in the future. From these discussions we’ll be creating a brand new vision for the future of our city centre. I urge everyone to take the time and share ideas for the Derby of the future.
Whilst we need to take urgent action now to deal with the immediate challenges and the impact of the COVID-19 pandemic, we also need a longer-term plan that addresses the structural issues that face the city centre, of which can’t be solved overnight.
We’ll be working closely with our Team Derby partners and to get a greater understanding of what our residents and businesses would like and need to see in their city centre. These conversations will be the first step towards creating a new vision which will restore its position as the heart and soul of Derby.”
This is the first time a city-wide future regeneration conversation has taken place of this size since the creation of the City Centre Masterplan in 2016. The previous plan brought about exciting developments within the city, including the Becketwell development and Our City, Our River flood defence scheme.
These conversations around the ambition will inform the next stage in the process for developing a new City Centre vision to be published in 2023.
The conversation begins on Wednesday 8 June and will run for 12 weeks over the summer on the Let’s Talk Derby website for residents, business and stakeholders to share ideas and feedback